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NABOB Buy and Sell Fees

Market Fees
Nabob buy and sell fees are an important component of the NAP. They provide capital for performing critical functions to the protocol.
Other protocols utilize selling bonds to support the same functions as Nabob fees, but we believe that approach is riskier because if bonds are not purchased, the token can lose its support and spiral downward in price as we have seen with several of these bond based protocols.
Selling bonds also costs token holders. It reduces the amount of APY that can be offered and eliminates the ability to offer a stable APY.
The amount of the fees (10% for buys and 10% for sells) allows Nabob to provide $Nabob holders with the stable high yield of 433,025.82% annually.
Trading Fees Explained
Buy Trading Fees:
4.0% - LP 4.0% - NIF 1% - Treasury 1% - Fire Pit
​
Sell Trading Fees:
4.0% - LP 4.0% - NIF 1% - Treasury 1% - Fire Pit
​
Placement:
  • LP - Trading fees goes to backing the liquidity of the BUSD/NABOB pair on PancakeSwap ensuring an ever-increasing collateral value of $NABOB.
  • NIF - Trading fees are stored in the NABOB Insurance Fund which helps sustain and back the staking rewards provided by the positive rebase.
  • Treasury - Trading fees go directly to the treasury which supports the NIF and provides a marketing budget for NABOB and funds new product development.
  • Fire Pit - 1% of all $NABOB traded are burnt in the Fire Pit. The more that is traded, the more get put into the fire causing the fire pit to grow in size, larger and larger through self fulfilling auto-compounding which in return acts to reduce the circulating supply of $NABOB and keeping the NABOB protocol stable.
Last modified 5mo ago